BOSTON, March 28, 2016 (GLOBE NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS) is pleased to announce that it has been named 2015 Lender of the Year by Mergers & Acquisitions ("M&A"), an independent digital news service and monthly magazine covering all aspects of deal-making in the middle market. The monthly magazine is published in partnership with the Association of Corporate Growth, a global organization comprised of thousands of private equity firms, corporate executives and intermediaries.
"For NewStar Financial, 2015 was an unprecedented year of growth. The lender increased its assets under management, remained a leader in the middle market league tables throughout the entire year, solidified its relationship with GSO Capital Partners and purchased a smaller competitor," according to M&A in its explanation of why the Company was recognized as 2015 Lender of the Year. NewStar had a strong year across the board with strong growth in assets under management due to acquisition activity and organic loan growth. "NewStar's deal volume reached more than $3 billion in 2015, up about 70% from $1.8 billion in 2014. The lender was No. 4 in the league tables as Institutional Bookrunner in the large middle market segment, with $1.1 billion in volume in 2015, and No. 4 in US middle market sponsored lending on an agent-only basis, with deal volume at $5.9 billion," said M&A, citing Thomson Reuters LPC for league table information.
"We are thrilled to be recognized for our achievements in 2015 and honored to be named Lender of the Year by M&A," said Tim Conway, NewStar's CEO.
About NewStar Financial, Inc.:
NewStar Financial, Inc. (Nasdaq:NEWS) is an internally-managed commercial finance company with specialized direct lending platforms that provide flexible debt financing options to companies and private equity firms in the middle market with proceeds typically used to fund acquisitions, working capital, growth strategies, and recapitalizations, as well as, equipment purchases. The company originates credit investments directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. It also offers investment opportunities for qualified institutions to invest in managed credit funds that employ strategies targeting middle market private debt and liquid, tradeable credit. NewStar is headquartered in Boston MA and has regional offices in Atlanta GA, Darien CT, Chicago IL, Dallas TX, San Francisco CA and Portland OR.
NewStar Financial, Inc.
Robert K. Brown